| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 34th | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1275 Dunn Ave, Jacksonville, FL, 32218, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1975 |
| Units | 120 |
| Transaction Date | 2017-12-14 |
| Transaction Price | $8,075,000 |
| Buyer | RCP Investors LLC |
| Seller | --- |
1275 Dunn Ave Jacksonville Multifamily Investment
Neighborhood occupancy is solid and rents sit in a mid-market band, pointing to durable renter demand for a 120‑unit asset, according to WDSuite s CRE market data. The immediate area s renter concentration is moderate, suggesting a stable tenant base with room for targeted value-add positioning.
This Inner Suburb location in Jacksonville balances everyday convenience with measured growth drivers. Neighborhood restaurant density trends around the 67th percentile nationally, and grocery access is comparable (about the 65th percentile), while parks, pharmacies, and caf e9 options are limited. Taken together, amenities support daily needs but may not command premium pricing without on-site enhancements.
Occupancy for the neighborhood is 94.2%, which is competitive among Jacksonville neighborhoods (ranked 137 out of 368) and sits above the national median by percentile. Median contract rents in the neighborhood are in a middle tier nationally, helping maintain demand depth without overextending affordability. The broader neighborhood rating is a C, signaling mixed but workable fundamentals for workforce-oriented product.
Vintage conditions matter here: the property was built in 1975, modestly older than the neighborhood b4s average vintage (1980). Investors should assume ongoing capital planning for systems and interiors, but the age profile also presents value-add and repositioning upside relative to newer deliveries. Unit sizes average 960 sq. ft., which can support family and roommate demand cohorts.
Tenure patterns vary by lens. At the neighborhood level, renter-occupied share is on the lower side, indicating a mixed tenure environment. Within a 3-mile radius, the renter-occupied share is approximately 46.6%, offering a deeper tenant pool for leasing and renewals. Population and households within 3 miles have grown modestly in recent years and are projected to expand further by 2028, with households expected to rise by roughly 40%, which would enlarge the renter pool and support occupancy stability.
Ownership costs in the neighborhood are relatively accessible compared with high-cost coastal markets, with home values in a middle range and a neighborhood rent-to-income ratio around 20%. For multifamily investors, this implies balanced pricing power: retention can remain healthy, though some prospects may weigh ownership alternatives, making asset-level amenities and management execution important differentiators.
Safety indicators for the neighborhood trail national benchmarks. Based on metro rankings (287 out of 368), the area performs below the metro median, and its national crime percentile is low, indicating it is not among the safer neighborhoods nationwide. Recent year-over-year changes show increases in both property and violent offense estimates, reinforcing the need for proactive site-level security and resident engagement strategies.
Investors typically mitigate these dynamics through lighting, access controls, and partnerships with local policing resources. Contextualizing risk at the property level is recommended, as safety can vary block to block and may improve with sustained investment and management focus.
Proximity to key employers supports a diversified renter base and commute convenience, particularly for rail, financial services, and distribution roles that align with workforce housing demand.
- CSX d rail & logistics (7.4 miles) d HQ
- Fidelity National Financial d financial services (7.8 miles) d HQ
- Fidelity National Information Services d financial technology (7.8 miles) d HQ
- Anixter d distribution (22.1 miles)
The 1975-vintage, 120-unit asset at 1275 Dunn Ave is positioned for durable workforce demand with neighborhood occupancy of 94.2% and mid-market rents. Amenity coverage favors essentials like restaurants and groceries, while limited parks and caf e9s place a premium on on-site features and management to drive leasing and renewals. According to CRE market data from WDSuite, the neighborhood b4s occupancy ranks competitively within Jacksonville, supporting a case for stable cash flow if operations remain disciplined.
Within a 3-mile radius, households have grown and are projected to expand materially by 2028, indicating a larger tenant base over the medium term. Affordability metrics suggest manageable rent-to-income levels that can support retention, although relatively accessible ownership options may create some competition, emphasizing the importance of value-add upgrades and resident experience. Safety trends warrant attention but can be mitigated with targeted property-level measures.
- Competitive neighborhood occupancy supports income stability
- 1975 vintage offers value-add and modernization upside
- Expanding 3-mile household base points to a larger renter pool
- Mid-market rents and manageable rent-to-income support retention
- Risks: below-average safety metrics and ownership alternatives may temper pricing power